Latest RMB bond news

  • Hitachi snaps up Rmb600m from CNH return

    Japan’s Hitachi Capital Corp has added to the recent flurry of issuance in offshore renminbi, bagging Rmb600m ($87m) on Monday from its second CNH transaction in a year.

    • 18 Sep 2018
  • AfDB prepares for Panda launch

    The African Development Bank is preparing to launch a Panda bond programme, following the inclusion of the renminbi in the valuation basket of the issuer’s reporting currency.

    • 17 Sep 2018
  • Cifi cooks up Rmb1bn debut dim sum

    Cifi Holdings (Group) Co raised Rmb1bn ($145.7m) on Thursday from its maiden offshore renminbi bond.

    • 14 Sep 2018
  • BMW readies first China auto ABS of the year

    BMW Automotive Finance (China) Co is making its first foray into the ABS market this year, with bookbuilding for the Rmb4.5bn ($656m) Bavarian Sky China 2018-1 set to start next Monday.

    • 11 Sep 2018
  • Russia’s commitment to renminbi funding plans is still MIA

    China has made little headway in persuading the Russian government and Russian institutions into using the renminbi, as the fate of a sovereign bond in the currency remains uncertain and trading of RMB products stalls. But market participants are not giving up just yet, with a new trading platform set to launch next year, writes Paolo Danese.

    • 06 Sep 2018
  • Middle East warms up dim sum market

    First Abu Dhabi Bank (FAB) returned to the offshore renminbi bond market on Monday with its third issuance in the currency this year.

    • 04 Sep 2018
  • China at crossroads over securitization law

    Almost six years after China’s asset-backed securities market was rebooted, regulators are still struggling to put together legislation for securitization, casting a shadow over the market’s development, writes Noah Sin.

    • 30 Aug 2018
  • ABCI’s Panda squeezed by policy announcements

    Agricultural Bank of China’s Hong Kong-based subsidiary got its first taste of the onshore bond market — and its policy-inspired volatility — as the Chinese central bank tightened bond underwriting rules and statements from the finance ministry led to a spike in supply of local government debt.

    • 29 Aug 2018
  • New Panda bond framework: a missed opportunity

    China’s impending Panda bond framework offered the country a chance to sort out a messy approval process that deters all but the most dedicated issuers. Instead, the country doubled-down on chaos.

    • 28 Aug 2018
  • Almost here! China readies Panda bond guidelines

    It has been more than a decade in the making, but China is said to have at last finalised draft guidelines for Panda bond issuers, giving the market some much-needed clarity. But questions still remain, especially around the repatriation of proceeds. Paolo Danese reports.

    • 27 Aug 2018

RMB bond news archive

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 China Merchants Securities Co 19.83
2 Industrial and Commercial Bank of China (ICBC) 14.01
3 CITIC Securities 11.86
4 Agricultural Bank of China (ABC) 10.78
5 China CITIC Bank Corp 9.70

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 20-Aug-18 ABC International (parent: Agricultural Bank of China) China 3,000
2 16-Aug-18 Daimler Germany 4,000
3 15-Aug-18 Everbright Water China 800
4 08-Aug-18 Veolia Environnement SA France 1,000
5 19-Jul-18 Beijing Enterprises Water Group China 3,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 34.32
2 HSBC 21.16
3 Societe Generale 4.40
4 Bank of Taiwan 3.77
4 Cathay United Bank 3.77

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 13-Sep-18 CIFI Holdings China 1,000
2 05-Sep-18 Daimler Germany 1,000
3 03-Sep-18 First Abu Dhabi Bank PJSC United Arab Emirates 650
4 21-Jun-18 Shimao Property Holdings China 1,200
5 19-Jun-18 Korea Development Bank (KDB) South Korea 1,750